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MUSIC named world’s eighth largest pro audio company

Audio manufacturer MUSIC has been rated one of the world’s largest and top manufacturers in the 2016 Music Trade annual Global Music Industry 225 Report.

It featured in eighth position on the report, climbing into the top 10 from its previous position at 45 in 1999. MUSIC said this made it one of the fastest-growing pro audio companies.

MUSIC is the parent company of consumer audio brand Tannoy and pro audio brands including Klark Teknik, Midas, Laker and Behringer.

“We are honoured to be recognised once again in the Global Music Industry 225 Report,” said MUSIC founder and chief executive Uli Behringer. “We recently invested close to $100 million (£80m) in a brand new state-of-the-art in-house manufacturing facility with some of the most sophisticated manufacturing equipment in the world. This will enable us to serve our customers even better and provide them with amazing solutions that enrich their lives.”

The Global Music Industry 225 Report is published annually on the Top 225 musical instrument and audio manufacturers and distributors. Findings are based on sales volume metrics, employee numbers and other data supplied by listed companies as well as independent resources.